RE:$6.00 is a concrete walltakeover talk is holding the SP up for now and maybe shorts starting to cover.
they don't want to be short if an offer comes along.
takeover talk also at ECA and that stock is holding up as well today as well.
it's time to merge and rationalize operations and synergies and big fancy consulatant words to make money in the energy sector.
basically merge operations and cut staff and capex to survive.
the real question is how much is COS or ECA worth to Suncor or CNQ or petro china or exxon?
these companies plan long term
I think COS is worth 10 all day long and that's still cheap as a takeover.
ECA is worth up to 17-18 as a takeover
shorts are not stupid and they will start to cover at the first wiff of takeover or merger.
maybe we are getting closer to such an event ??
just speculating here so DYODD